Companies call on world leaders to meet renewable energy targets
On Monday, executives from major companies urged leaders to implement an international agreement made at the COP28 Summit in Dubai last year to triple renewable energy capacity by 2030, to combat climate change. The statement was made at a side event to the United Nations Climate Week, in New York. Companies like Amazon.com, a massive energy user and power producers such as Vestas and Iberdrola were among those who issued it. The United Nations has called for countries to submit their national climate plans, due to be presented to the U.N.
Denmark's North Sea Energy Island is again delayed by high costs
A government minister announced on Wednesday that Denmark would delay construction by at least three years of the planned North Sea Energy Island to provide renewable energy to three million European homes. The delay is due to rising costs and interest rates. Energy Minister Lars Aagaard said that the projected investment exceeded 200 billion Danish crowns (29.81 billion dollars) and required about 50 billion crowns of state support. Energy Minister Lars Aagaard declined to reveal how much the costs had risen from initial projections. Denmark had announced, just over a year before, that the project was being delayed due to cost.
Vestas Q2 loss increases, but the wind turbine unit turns a profit
Vestas, a Danish company, reported on Wednesday that its second-quarter loss had more than doubled from a year earlier. However, a focus on high-priced wind turbine projects has helped the division to return to profitability. The world's largest wind turbine manufacturer cut its profitability forecast for the full year, citing increased costs in its services business. It also warned of a loss in the second quarter. Vestas announced a loss for the second quarter in a row of 185 millions euros ($203.61) compared to a loss of 70millions dollars a year earlier. Vestas surveyed analysts before releasing the preliminary figures.
Vestas reduces its full-year profit forecast as rising costs bite
Vestas is the largest wind turbine manufacturer in the world. On Monday, it warned of a loss for the second quarter and cut its revenue and profit forecasts for the year. The company's stock fell 5%. Vestas said that its service business, which is usually a bright point, would take a hit of 300 million euros ($327.63) in the second quarter due to sustained inflation, an increase in repairs and upgrades, as well as operational inefficiencies. The company now expects an operating profit margin for the full year of 4-5%, compared with 4-6% previously.
Vestas Wins 46 MW Order in Japan
Vestas has secured a 46 MW repowering order with Eurus Energy Holdings Corporation for Eurus Kamaishi Wind Farm in Iwate prefecture, Japan. The order includes supply and supervision of installation of 11 units of V117-4.2 MW wind turbines.Vestas will also deliver a multi-year Active Output Management 4000 (AOM 4000) service for the wind farm, providing an energy-based availability guarantee to ensure optimised performance and long-term business case certainty for the customer.“We are pleased to partner with Eurus Energy Holdings Corporation again and to provide our wind energy solutions for the project.
Markets: The Challenges of Developing Floating Wind at Scale
Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain.There has been much focus on the emerging floating wind market of late.The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of at least 24 gigawatts (GW) of floating wind capacity representing close to 1,500 floating turbines that will come on stream through 2030. And this will be soon followed by the award of at least 4 GW of capacity through the Celtic Sea floating wind auctions. The U.S.
The Top 10 Offshore Wind Energy Trends to Watch in 2023
The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we prepare for the new year, let us look at ten factors that will shape the offshore wind sector in 2023.1. Solid foundations: Optimism for the supply chain is founded on declared and inferred offshore wind deployment targets by a growing number of countries of over 400 GW, driven by energy transition and energy security policies.2.
VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord
Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the company’s future working in the United States.Pieter, to start, can you give a ‘By the Numbers’ look at your company today using the metrics of your choice?Well, 2021 was a disappointing year for us. As we said in our annual report, it was ‘a year with two faces.’ We had to report a loss for the first time in a long time in our company…
Steelwind Monopile Foundations for Parkwind's Baltic Sea Wind Farm
German construction company Steelwind will build monopile foundations for Parkwind's the Arcadis Ost 1 offshore wind farm in the Baltic Sea, offshore Germany.Under the contract, signed earlier this month, Steelwind will deliver 27 WTG and one OSS next-generation XXL-Monopile units.Arcadis Ost 1 Project Manager, Clément Helbig de Balzac from Parkwind commented: “We believe the signature of this agreement sends a strong positive message during a difficult COVID-19 context. The impact generated by this contract…
Construction Starts for Asia's Largest Offshore Wind Blade Manufacturing Facility
Taiwanese company Tien Li Offshore Wind Technology has started construction on 210,000 square meter facility in Taichung Harbour to supply offshore wind blades to Taiwan's growing offshore wind industry.Tien Li is one of key local supply chain partners of wind turbine builder MHI Vestas, which this week shared the news on the start of construction of Tian Li's black manufacturing facility.Both production and storage facilities are being developed for the mass manufacture of blades to be installed at offshore projects in Taiwan and eventually…
Walney Extension Sells Transmission Assets
Walney Extension Limited, a joint venture owned by Ørsted (50%), PKA (25%) and PFA (25%), and the operator of the Walney Extension offshore wind farm in the UK, has signed an agreement for the sale of its transmission assets to Diamond Transmission Partners Walney Extension.Diamond Transmission Partners Walney Extension is a partnership between Diamond Transmission Corporation Limited (a Mitsubishi Corporation subsidiary), HICL Infrastructure Company Limited and Chubu Electric Power Co., Inc.The transmission assets hold an asset value of GBP 447 million (USD 560 million).
First Turbine Installed at Borssele III/IV Offshore Wind Project
The first offshore wind turbine has been installed at the Borssele III/IV wind project in the Dutch North Sea, the turbine builder MHI Vestas Offshore Wind has said."The first turbine at the 731.5 MW Borssele III/IV offshore wind project has now been installed by MHI Vestas at site 55 km off the coast of the Netherlands. The first of the 77 V164-9.5 MW wind turbines was installed by the project team after setting sail from the Port of Vlissingen on the Aeolus offshore installation vessel," MHI Vestas said Thursday.The Borssele III & IV offshore wind farms are being built in the Dutch North Sea by Blauwwind…
Denmark, Vietnam Talk Offshore Wind Expansion
Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority are preparing an Input to Roadmap report for offshore wind development in Vietnam. The Danish Energy Agency and Vietnamese authorities on Tuesday organized a webinar to discuss the most important governmental steps to move the expansion of offshore wind forward.
Belgium: Northwester 2 Offshore Wind Farm Complete
The 219 MW Northwester 2 wind farm has been completed and is now supplying the Belgian grid electricity by all of its 23 fully operational wind turbines producing 9,5 MW each. This wind farm, owned by Parkwind (70%) and Sumitomo (30%) is the first to use the MHI Vestas V164-9.5 MW turbines in commercial operation. The first turbine was installed in December 2019.This is the seventh wind farm in the Belgian North Sea, which now brings the total offshore energy capacity to 1,776 MW and moves Belgium closer to reaching the goal of supplying 10% of energy demand with offshore wind by the end of 2020…
Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says
Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish OEM’s grid-connected capacity of 11.3 GW in 2019 is an increase of 1.5 GW on 2018, with installations completed in over 35 markets. The company’s installations in the Americas region contributed more than 50% of capacity for the first time. This was driven by the US, Mexico, and Argentina.Siemens Gamesa Renewable Energy (SGRE) climbed to the second position according to Wood Mackenzie’s research…
Vestas Posts Operating Loss, Hit by Higher Costs
Leading wind turbine maker Vestas posted an unexpected first-quarter operating loss despite strong sales and a healthy order book, weighed down by project delays as well as higher costs that were partly down to the COVID-19 pandemic.But the Danish company said demand for its turbines remained healthy, and that it could still meet its initial guidance for 2020, even though it had suspended that outlook last month due to coronavirus-related uncertainties.Shares in Vestas, the world's largest maker of wind turbines by market share…
First Moray East Offshore Wind Farm Jackets Arrive in UK
Global Energy Group's Port of Nigg facility has announced the arrival of the heavy-lift vessel OHT Osprey with the first eight of what will be 103 jacket structures for the Moray East Offshore Windfarm project for DEME Offshore.The Port of Nigg was chosen as the foundation staging port for the construction of the 950MW offshore wind farm which will see 100 turbines and 3 offshore substation platforms being installed.Global Energy Group's Chairman Roy MacGregor said: "It has always been our desire to make the best use of Nigg Energy Park and I am delighted that DEME Offshore recognized we have the facilities…
MHI Vestas Sourcing Blade Components from Local Taiwan Suppliers
Offshore wind turbine specialist MHI Vestas which has recently awarded contracts to supply wind turbines for offshore wind projects in Taiwan, has signed a deal with Swancor to source wind turbine blade materials locally in Taiwan."In another step forward for MHI Vestas’ industry-leading localization plans in Taiwan, the company has confirmed a purchase agreement with Swancor to source several key blade manufacturing components locally. This contract strengthens Swancor’s presence in the offshore wind sector…
All Northwester 2 Offshore Wind Farm Turbines Installed
The final installation of turbines at Parkwind's Northwester 2 offshore wind farm in the Belgium section of the North Sea has been completed.Parkwind completed the final installation of turbines at the Northwester 2 offshore wind farm in a joint operation with MHI Vestas and Jan De Nul Group.The 219 MW Northwester 2 project in Belgium has now seen all 23 turbines fully installed.The offshore wind project, located around 50km off the shore of Ostend, Belgium, is the first project to use the V164-9.5 MW turbines in commercial operation."The installation works started in December 2019.
MHI Vestas Eyes Further Asia Pacific Growth. Appoints Regional Manager
Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries, said Wednesday Yamada would oversee the company’s growth across the Asia Pacific region. He was formerly the company’s Chief Strategy Officer based in Aarhus, Denmark, and will now be based in MHI Vestas’ Tokyo office."Mr. Yamada has been with MHI Vestas since the formation of the joint venture between the two parent companies (Mitsubishi Heavy Industries and Vestas)…
